listing of private company
This query is : Resolved
21 June 2010
Hi, friends can a private limited Company be listed on the stock exchanges, if so what are requisites that has to be fulfilled and the procedure to be followed.
21 June 2010
No a private limited company cant be listed.
21 June 2010
AGREED WITH EXPERT CMA. Sanjay Gupta
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21 June 2010
hi friends thank you for your reply, but can you kindly let me know on what basis you are making this conclusion
21 June 2010
Under sec 3(1)(iii) of the companies act, 1956 a private company is a company that prohibits any invitation to the public to subscribe for any shares in, or debentures of, the company.
So the basis of our answer is nothing but the definition of the Pvt Company as laid down in the act.
So the basis of our answer is nothing but the definition of the Pvt Company as laid down in the act.
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